Tag #Binance

Showing 13 to 16 of 16 results

cnbc.com

🌐 85% Global Worthiness

Jan 21, 16:12

Binance CEO Predicts Bitcoin All-Time High in 2025 Amidst Positive US Regulatory Outlook

Binance CEO Richard Teng predicts Bitcoin will hit a new all-time high in 2025 due to expected positive regulatory changes in the U.S. under President Trump, citing clearer regulations, pro-crypto political sentiment, and potential creation of a U.S. Bitcoin reserve.

Binance CEO Predicts Bitcoin All-Time High in 2025 Amidst Positive US Regulatory Outlook

Binance CEO Richard Teng predicts Bitcoin will hit a new all-time high in 2025 due to expected positive regulatory changes in the U.S. under President Trump, citing clearer regulations, pro-crypto political sentiment, and potential creation of a U.S. Bitcoin reserve.

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56% Bias Score

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What specific regulatory changes and political shifts are cited as contributing to the positive outlook for Bitcoin?

Teng's prediction is based on the belief that a more favorable regulatory environment in the U.S., including progress on token issuance, trading, and asset management, will boost the crypto market. He points to pro-crypto stances from the House, Senate, and key regulatory appointments as evidence. The narrative around crypto has shifted positively since last year.

forbes.com

🌐 90% Global Worthiness

Dec 17, 19:11

Lazarus Group Impersonates VC, Steals $34 Million in Crypto

The Lazarus Group, a North Korean state-sponsored hacking group, stole over $34 million in cryptocurrency from an unnamed startup by impersonating a Hong Kong-based venture capitalist via a malicious script in November 2023, leveraging a fake Telegram account; the FBI recovered $3.2 million.

Lazarus Group Impersonates VC, Steals $34 Million in Crypto

The Lazarus Group, a North Korean state-sponsored hacking group, stole over $34 million in cryptocurrency from an unnamed startup by impersonating a Hong Kong-based venture capitalist via a malicious script in November 2023, leveraging a fake Telegram account; the FBI recovered $3.2 million.

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24% Bias Score

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What are the broader implications of this attack for the cryptocurrency industry and its future security measures?

The Lazarus Group's success in stealing cryptocurrency underscores the vulnerability of crypto companies to sophisticated social engineering attacks. The ease with which they gained access and the substantial losses incurred highlight the need for stronger cybersecurity measures and employee training within the industry. The fact that $17 million is unaccounted for suggests further investigation is needed.

forbes.com

🌐 85% Global Worthiness

Jan 5, 16:09

Crypto Market's Buoyant Outlook Brings Increased Competition

The crypto market is experiencing a surge in positive sentiment due to expected regulatory clarity under the incoming Trump administration and increased institutional investment, but this also increases competition from traditional financial firms entering the crypto space, forcing established crypt...

Crypto Market's Buoyant Outlook Brings Increased Competition

The crypto market is experiencing a surge in positive sentiment due to expected regulatory clarity under the incoming Trump administration and increased institutional investment, but this also increases competition from traditional financial firms entering the crypto space, forcing established crypt...

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32% Bias Score

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What strategies can established CEXs employ to maintain their competitive edge against new entrants from the traditional finance sector?

Established crypto exchanges (CEXs) like Coinbase and Binance now face competition from traditional banks and brokers entering the crypto market due to new regulations in the EU (MiCA) and anticipated changes in the US. This is impacting their market share as customers may prefer to trade through existing banking platforms.

forbes.com

🌐 85% Global Worthiness

Dec 11, 10:42

Circle and Binance Partner to Expand USDC Usage

Circle and Binance partnered to expand USDC usage within Binance's platform, aiming to boost Binance's reputation and increase USDC adoption, challenging Tether's market dominance; this follows Binance's $4.3 billion settlement with the U.S. Department of Justice and exit from the U.S. market.

Circle and Binance Partner to Expand USDC Usage

Circle and Binance partnered to expand USDC usage within Binance's platform, aiming to boost Binance's reputation and increase USDC adoption, challenging Tether's market dominance; this follows Binance's $4.3 billion settlement with the U.S. Department of Justice and exit from the U.S. market.

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What is the immediate impact of Circle and Binance's partnership on USDC and Binance?

Circle and Binance announced a partnership to expand USDC's role in Binance's products and services, including additional trading pairs and promotions. Binance will also use USDC for its corporate treasury. This collaboration aims to boost Binance's reputation and increase USDC adoption.

Showing 13 to 16 of 16 results